Wednesday, August 4, 2021

ARE WE APPROACHING FAILED STATE STATUS - OR HAVE WE ALREADY REACHED THERE?

This is a serious question. In thinking about it I took note of the following:

- We have been relegated effectively to just above junk bond status by the world renowned body, Standard & Poors. Oh, the erstwhile Minister of Finance tried to put a spin on the S&P report but a plethora of respected economists basically told him that he was talking through his  ..., well, not his mouth! So he shut up!

- Unemployment is rising uncontrollably. People are literally out of work and have absolutely no hope of getting a job anytime soon. It is most interesting that reliable figures are not being published on this (or indeed, on anything else!). I simply can't imagine how people at the bottom of the economic pile are surviving.

- One gets an impression that the Prime Minister simply doesn't have a clue as to how to deal with the economic situation. This may very well not be so, but in politics image is everything and the image is one of a leader and his team of ministers floundering hopelessly and helplessly getting fat on their generous salaries and 'perks' while the people are catching hell.

- Prices are rising - not so slowly, but inexorably. We don't know when this will end, or indeed if it ever will! But the reality is that prices are rising - especially at the grocery - and rising faster rather than slower.

- Foreign exchange is scarce and hard to come by. If a person is lucky enough to have a few US dollars in his bank account he simply can't get it out. First of all, he has to "order' it and then he will probably be told he can only get a portion of it in cash.

- There is now open speculation that there will be marches and/or riots when the existing State of Emergency (SOE) comes to an end on the 30th August.  If the Government manages to get the Opposition to support an extension of the SOE then there is open speculation that there will be serious social unrest. Either way, trouble with a capital "T" is coming - and soon!

- Crime is rising. Need I say more?

I could go on, but surely you get the point. People are hurting and there is little trust that we are being told the truth - about anything Certainly, I am one of those who believes that we have been lied to for the longest while. There is too much that simply didn't or doesn't make sense. And the fact is that when somebody is telling you something that you don't understand, 98 percent of the time it is because he doesn't WANT you to understand; two percent of the time it is because HE doesn't understand what he is talking about.

No. I can't say that we are yet a failed state, but if we continue on the path that we are currently on, we most certainly will become one very soon.

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